Real Estate

Investigations have revealed controversies surround the payment of the N24.56 billion bond raised to ensure the successful implementation of the federal government’s housing monetisation scheme in 2005. The Bond issuance programme, according to documents obtained by Daily Trust, was initiated at the instance of the Federal Government of Nigeria by the current Minister of Finance, Dr Ngozi Okonjo-Iweala 10 years ...

In 2009, at least five cities were ahead of Bengaluru—India’s technology heartland—on the list of the country’s top real estate markets. Not anymore. A survey by property data company, PropEquity, has found that the southern Indian city is now the country’s leading real estate destination, beating Mumbai, Pune, Thane, Noida and Chennai, which were ahead of it six years ago. The lists are based ...

Real Estate Developer’s Association of Nigeria (REDAN), an agency tasked principally with the responsibility of facilitating the delivery of affordable mass housing in the country. The association has a membership strength of over 1, 500 members and is the brain behind any housing development or initiative that is organized and/or sponsored by the Federal, State & Local Governments, NGOs, private ...

A Federal Capital Territory High Court in Abuja has ordered a former governor of Anambra State, Jim Nwobodo, to vacate his rented home in Maitama, Abuja, over his failure to pay his due rent of about N11m arrears. Justice S. B Belgore ordered Nwobodo to relinquish the property located at 24 Ona Crescent, Plot 768 Cadastral Zone A5, Maitama Abuja, ...

Human beings were naturally ingrained with the instinct to survive, to exonerate self and shelve responsibility when the chips were down. No one wanted to take the fall for another or step up and be liable for other people’s actions. In fact, people didn’t want to be liable for their own actions and would rather shift the blame to someone ...

The Nigeria Labour Congress (NLC) has implored the governor-elect of Lagos State, Mr Akinwunmi Ambode to consider low cost housing for workers in the state. NLC said this is in order to ameliorate workers plight as well as measure up with the prevailing national minimum wage in the country. “A situation where a worker is forced to pay about N500,000 ...

Challenges of housing in terms of quality and quantity appear to be the same all over the world. The needy have less access to housing while the less needy have greater chances of accessing housing. In Nigeria, housing is generally inadequate in the rural areas in terms of quality, while the major problem in urban areas is more of quantity, ...

Internally displaced persons (IDPs) are people or groups of people who have been forced or obliged to flee or to leave their homes or places of habitual residence, in particular as a result of or in order to avoid the effects of armed conflict, situations of generalized violence, violations of human rights or natural or human-made disasters, and who have ...

Relationships are the bane of human existence; they are what sustains us, keeps us going and makes us alive. Whether we want to or not, our very nature is woven to rely on relationships and in the course of our lives, one of the relationships we will have is the landlord-tenant one. Unfortunately, this relationship is one of the most ...

The Nigerian Mortgage Refinancing Company and the Nigerian Insurers Association are jointly working to integrate title insurance as a mandatory condition to get mortgage loans. Sunday Thomas, the Director-General of NIA, disclosed this to a punchng correspondent in an exclusive interview, saying that the NMRC was working with the indigenous underwriters to introduce insurance as a condition for getting mortgage ...